MANILA, Philippines—The Bangko Sentral ng Pilipinas has approved the operations as a digital bank in the Philippines of fintech DigibankAsia Pte Ltd, a Singapore-based company and one of the incorporators of UNObank.
In a statement, UNObank—the first fintech to receive a license outright to operate a digital bank—will be entirely regulated under the digital banking license framework in the Philippines.
DigibankASIA was co-founded by three executives who collectively have extensive experience across banking, capital markets, treasury, lending, digital operations and technology.
UNObank will be helmed by Manish Bhai as CEO, a career banker and tech entrepreneur. Co-founder K…
Keep on reading: BSP OKs digital bank license for Singapore-based fintech